Nearly $630,000 in recommended savings could help struggling Shadyside Local School District close a deficit gap, according to Auditor of State Dave Yost.
A performance audit report released Tuesday found the district could save the money by implementing the following options:
– $410,000 annually by reducing teaching staff to state minimum levels
– $137,000 annually by reducing health insurance premium costs to the regional average
– $64,000 annually by reducing sick leave severance to state minimum standards
– $22,700 annually by increasing employee health insurance contributions to the regional average
– $15,700 annually by bringing clerical staff levels in line with its peer average
– $3,500 by selling its two spare buses
“Shadyside Local School District is in a squeeze,” Yost said in a release. “That’s hard and frustrating, but when times are tough, dollars must be save wherever possible.”
The performance audit was requested by the Ohio Department of Education after the district’s May 2014 five year forecast projected a $2.6 million deficit by 2017-18 academic year. A major reason for the projected deficit is the closure of a power plant located within the district that reduced property tax revenues by approximately $850,000 per year.